Vancouver, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The Global Signal Intelligence (SIGINT) Market is forecast to be worth USD 18.28 billion by 2027, according to a current analysis by Emergen Research. Higher importance on modernizing the existing signal systems and growing emphasis on the space-based command and control infrastructure for the military & commercial operations are some of the factors that are increasingly helping in the market growth.
Additionally, higher emphasis on the common operating picture (COP) of the defense operations and higher capabilities of information dominance, battlefield awareness, and decision advantages of the Signal Intelligence (SIGINT) are some of the prominent reasons behind the enormous growth of this market. Moreover, higher usage of the smart city command center applications is expected to fuel market growth.
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The global Signal Intelligence (SIGINT) market is expected to remain a highly competitive and fragmented landscape, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in product offerings ensure the enormous potential for the innovative players.
Further key findings from the report suggest
- In April 2019, the Defense, Space & Security segment of The Boeing Company in El Segundo, California, announced the building of the eleventh U.S. Air Force Wideband Global communication satellite (SATCOM) named WGS-11. This SATCOM created a significant breakthrough in the defense sector for the country.
- The Electronic Intelligence (ELINT) has massive usage in managing operations in disrupted and remote areas by keeping the ground forces, aviators, and sailors in the loop with the control center and gathering important data about the electronic defense network of opponents. The Electronic Intelligence (ELINT) sub-segment in the Component segment held a 61.3% market share in the year 2019.
- North America, owing to its leading investment in the defense bodies & commercial projects, especially in the United States, and higher development in information technology, is expected to fuel regional market growth substantially.
- Key players in the market are The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
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For the purpose of this report, Emergen Research has segmented the Global Signal Intelligence (SIGINT) Market on the basis of application, platform, component, end-user, and region:
- Application Outlook $1
- Military Commands
- Homeland Security & Cyber Protection
- Military Critical Infrastructure
- Routine Operations
- Emergency Services
- Transportation System
- Others
- Platform Outlook $1$1
- Land
- Airborne
- Naval
- Joint
- Space
- Component Outlook (Revenue: USD Billion; 2017-2027)
- Electronic Intelligence (ELINT)
- Communications Intelligence (COMINT)
- End-User Outlook (Revenue: USD Billion; 2017-2027)
- Army
- Air force
- Navy
- Defense Intelligence
- Commercial Services
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- Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Russia
- U.K.
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
- North America
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